Order Entry

Owned by Magnús Norðdahl
Last updated: 14.07.2016
2 min read

Order Entry

  • Hide client order controls
    Client order controls are used by traders that are managing orders for customers.  Market maker can choose this option to hide the customer specific controls.
  • Show fat fingers warning
    This setting is for market orders.  Once this setting has been turned on the Kodiak client warns the user if he is entering an order that will be executed immediately.   

    The Market Order Fat Finger Warning

    The fat fingers warning will appear when:
    1. The bid price you have entered is greater than the best ask price on the market.
    2. The ask price you have entered is less than the best bid price on the market.

  • Show enhanced fat fingers warning 
    This setting is for client orders.  Once the setting has been turned on, the Kodiak client displays a warning in the Client Order form when :

    1. A Bid order is higher than the market best Ask order
    2. An Ask order is higher than the market best Bid order
    3. A Bid order is higher than last and no Ask order is on the orderbook
    4. An Ask order is lower than last and no Bid order is on the orderbook
    5. An order price deviates too far (defined on the server, default value is 10%) from the last price of a given instrument.
  • Display cancel and fill operation
    This setting enables/disables the "Cancel and Fill" and "Modify and Fill" operations.  If enabled these options are displayed when the user right clicks on orders in watch list and market depth

  • Set default capacity
    The check box "Set default capacity" determines if the capacity combo box should be preselected on a certain value.
    This setting locks default value to the capacity combo box in: 

    1. New client order (order info, advanced section)
    2. New market order window (advanced section)
    3. New child order (advanced section)
    4. New trade report
  • Set default time in force for fills
    When the trader creates an order from Watch List or Market Depth then the selected TIF is set in the Market Order window
  • Set advice order as default
    The default value of "Is Advice" when creating a new client order
  • Default GTT
    The default value of the good till time when TIF is set to GTT when creating client or market order

          

  • Paid in cash default
    This option is for client orders.  If enabled then all client orders are marked automatically as "paid in in cash" orders.
  • Default otherfee
    Sets a default other fee in the client order and allocation window. 

Self Trade Prevention

This is where default values for self trade prevention is configured, see more about self trade prevention here: Self Trade Protection (STP)